Recurrent Expenditure Requirements of Capital Projects : Estimation for Budget Purposes

This paper examines the issue of estimating recurrent costs associated with capital projects in the investment budget. It is intended to help overcome budget planning problems which give rise to the chronic under-funding of maintenance and operating costs typical in some developing economies. The ob...

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Bibliographische Detailangaben
Hauptverfasser:	Hood, Ron, Husband, David, Yu, Fei
Format:	Buch
Sprache:	eng
Schlagworte:	ACQUISITION ACQUISITION COSTS ADB AGRICULTURE AUDIT REPORTS AUTOREGRESSION BENEFIT ANALYSIS BUDGET DEFICITS BUDGETARY PROCESS CAPACITY BUILDING CAPITAL PROJECTS CASH BUDGETS COST ESTIMATES COST RECOVERY DEPRECIATION ECONOMIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC INTEGRATION EMPIRICAL ANALYSIS ENVIRONMENTAL PERFORMANCE EXPENDITURE FISHERIES FORESTRY HUMAN CAPITAL INDIRECT COST INTEREST EXPENSE INTERNATIONAL TRADE INVESTMENT PROJECTS MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MAINTENANCE COSTS MUNICIPAL DEVELOPMENT OPERATING COSTS POLLUTION POLLUTION CONTROL PROCUREMENT PRODUCTIVITY PROPERTY RIGHTS PUBLIC SERVICES QUALITY OF EDUCATION RECURRENT COST RECURRENT COSTS RECURRENT EXPENDITURES RESOURCES MANAGEMENT SAVINGS TELECOMMUNICATIONS URBAN DEVELOPMENT URBAN SERVICES USER CHARGES WAGES WATER SUPPLY
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Beschreibung
Zusammenfassung:	This paper examines the issue of estimating recurrent costs associated with capital projects in the investment budget. It is intended to help overcome budget planning problems which give rise to the chronic under-funding of maintenance and operating costs typical in some developing economies. The objective is to provide guidance in the preparation of budget submissions so that information on the future recurrent cost implications of today's capital spending is quantified in a way that supports the authorities in making project selection and budget decisions. The paper is in three parts. The first part outlines some concepts and definitions involved in measuring recurrent costs. The second part provides stylized examples of individual projects. And the third part presents some rough empirical guidance drawn from a sample of actual investment projects.